Feb 12, 2013 6:00pm EST
temporary cut in payroll taxes expired. that word came as the congressional budget office forecast a deficit of $845 billion, the smallest since president obama took office. at the same time, the head of the c.b.o. warned congress that economic growth could be cut in half, if across-the-board spending cuts take effect next month. passengers on a disabled cruise ship camped on the decks today as the vessel was towed toward mobile, alabama. more than 4,200 passengers and crew are on the carnival cruise lines ship. but they've had no ventilation or working toilets since a weekend fire knocked out power. the ship is expected to arrive in mobile by thursday. on wall street, blue chips were up, while tech stocks gave a little ground. the dow jones industrial average gained 47 points to close at 14,018. the nasdaq fell five points to close at 3186. those are some of the day's major stories. now, back to judy. >> woodruff: what can the nation expect from president obama's state of the union speech tonight? i spoke with white house press secretary jay carney a short time ago. jay carney, thank you fo
Feb 4, 2013 5:30pm PST
-breaking deficits in their academic skills. on average a fifth grader comes to our school at least two or three grade levels behind. >> reporter: these kinds of educational deficits have caused ngering problems for a city where one-third of all students fail to graduate on time. >> we have to make sure that we are... >> reporter: that has led to a concentrated effort by bridgeport academy middle school. like all our achievement first schools to place and keep great teachers in the classroom. in order to identify who those great teachers are, achievement first ceo says the organization has developed a comprehensive checklist to evaluate its teachers. >> in the past teacher evaluation has focused on observations which at their worst become staged dog and pony show experiences that don't actually tell you a lot about teachers' effectiveness or more importantly how they need to improve. >> i want us now to walk quickly through the school work for the whole observation. >> reporter: at this school teacher observations are detailed bi-weekly and discussed at length in regular coaching sessions.
Feb 6, 2013 5:30pm PST
deficit reduction. that's the sensible thing to do. why make-- why punish the american people because you haven't been able to achieve your ideological objectives through other means? >> sreenivasan: in another development, the associated press reported the u.s. military is cutting back from two aircraft carriers to one, in the persian gulf. the report cited u.s. officials who said it's a rectespoe to e looming,cross-the-ard cuts. u.s. and british regulators have fined the royal bank of scotland more than $610 million for manipulating a key interest rate. the u.s. commodity futures trading commission said today that r.b.s. made hundreds of attempts to manipulate the rate known as libor. it's a global benchmark for rates on everything from home mortgages to credit card payments. two other banks-- barclays and u.b.s.-- have already been fined for their roles in the scandal. wall street mostly stayed where it was today. the dow jones industrial arage gained seven points to close 13,9. the nasdaq fell three points to close at 3,168. those are some of the day's major stories. now, back to gwen
Feb 5, 2013 7:00pm EST
year's federal budget deficit will fall below a trillion dollars for the first time since president obama took office. the congressional budget office projected today the red ink will be roughly $845 billion. it was $1.1 trillion last year. the c.b.o. attributed the decline in part to new tax hikes and to automatic spending cuts scheduled to take effect in march. but it said those same factors may also hold back economic growth. personal computer maker dell has announced it's going private. the company detailed a $24 billion buyout of stockholders today. it's the largest deal of its kind since the great recession. dell has been publicly traded for nearly 25 years. but sales have waned as consumers have shifted towards smartphones and tablets. britain took a major step today toward legalizing same-sex marriage nationwide. the house of commons voted more than 2-1 to legalize the practice. that's despite sharp divisions in the ruling conservative party. prime minister david cameron acknowledged the split, but supported the bill. >> i think it's delight gay people should be able to get